THE FRIENDS OF THE MELROSE PUBLIC … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

ALAINE BREEN

Phone

7816652313

Tax Period

2022-07-01 to 2023-06-30

THE FRIENDS OF THE MELROSE PUBLIC LIBRARY INC, founded in 1990, is a small nonprofit in the Education sector that reported $233K in total revenue in fiscal year 2022. Revenue surged 868% from the prior year, signaling strong growth momentum. The organization ran a surplus of $219K, a strong 94% operating margin.

Mission

TO HELP THE LIBRARY PROVIDE PROGRAMS, SERVICES, AND MATERIALS NOT COVERED BY THE LIBRARY'S NORMAL OPERATING BUDGET.

Program Service Accomplishments

Program 1

Expenses: $7,505

TO HELP THE LIBRARY PROVIDE PROGRAMS, SERVICES, AND MATERIALS NOT COVERED BY THE LIBRARY'S NORMAL OPERATING BUDGET.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $219,836

Program Service Revenue $0

Investment Income $0

Other Revenue $13,174

TOTAL REVENUE $233,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,270

Program Expenses $7,505

Other Expenses $13,775

TOTAL EXPENSES $13,775

Year-over-Year Comparison

	2022	2021	Change
Revenue	$233,010	$24,076	+8.7%
Expenses	$13,775	$11,337	+0.2%
Net Income	$219,235	$12,739	+16.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY TALBOT	PRESIDENT	5.00	Officer Director	$0	$0	$0
ALAINE BREEN	TREASURER	5.00	Officer Director	$0	$0	$0
JULIE BAKEY	SECRETARY	5.00	Officer Director	$0	$0	$0
CHRISTINA GAGLIANO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALFRED WHITE	DIRECTOR	1.00	Director	$0	$0	$0
LINDA HEDETIEMI	DIRECTOR	1.00	Director	$0	$0	$0
KATIE WELCH	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$233,010	$13,775	$283,572	$219,235

THE FRIENDS OF THE MELROSE PUBLIC LIBRARY INC